Lyft mania is Wall Street’s dead canary

Since investors have become much less concerned about profits and valuations, this offering was an incredible 20 times oversubscribed.

The takeaway is clear: home prices have shot up well above incomes each year since 2012 due to Fed’s ZIRP.

That collapse in asset prices will set the Fed up for a massive move back to ZIRP and QE along with fiscal spending that would make even Alexandria Ocasio Cortez blush, which will render the economy into a deep battle with stagflation.

PPS’ Inflation/Deflation Dynamic Portfolio SM is replicated by major financial institutions according to the firm’s proprietary investment Model.